Who are your key people

A key person is an individual whose skills and knowledge contribute to the continued financial success of a business, such as

• Chairman or CEO
• Managing Director or Managing Partner
•  IT specialist 
• Top sales performer

Business Protection options

It may be worth reviewing whether the following would be more appropriate for your business: 

• Shareholder Protection
• Business Loan Insurance
• Relevant Life Cover
• Keyman Income Protection

Cash Lump Sum

A cash lump sum is payable to the business for the following types of Key Person Insurance. The options are as follows:

• Life Insurance Only
• Life  & Critical Illness

Please contact us with your Key Person Insurance query

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What is 3 + 5 =

• The age of the key person. The risk of their death during the term of a policy increases as they get older.
• If the key person already has a severe health condition, the risk to the insurer is greater. Consequently, the premiums will be raised accordingly. 
• If the key person is a smoker, or if they regularly drink more alcohol than is recommended, the premiums will be raised, due to the greater risk of illness. 
• Lifestyle choices impact upon Key Person Insurance premiums. Thus, if the key person regularly engages in hazardous activities, this is likely to be reflected in the premiums. 
• If the key person’s immediate family members have suffered or died from a critical or hereditary illness, this will impact upon the cost of cover. 
• The length of the policy term, the amount of cover and whether you wish to include Critical Illness cover will impact upon the cost of cover.  

Keyman Insurance is designed to provide funding to a business for the following, in the event of a key person suffering a critical illness or dying prematurely: 

• The recruitment and training of a replacement 
• Supplementing profit loss
• Replacing lost income, as a result of declining confidence of creditors and suppliers
• Replace lost income, as a result of the potential loss of customers

What factors will impact on the cost of Key Person Insurance?

The benefits of Key Person Insurance

What you may wish to consider

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